High VAT on fuel: Punjab Petro Association puts its protest on hold
PPDAP executive body is putting on hold its agitation till the matter is decided by the Punjab Cabinet
cityairnews
Nov 6, 2021 05:47
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Chandigarh, November 6, 2021: Even as the Punjab Government has already declared that it is considering reducing VAT on petrol and diesel, Punjab Petroleum Dealers Association (PPDAP) executive body is putting on hold its agitation till the matter is decided by the Punjab Cabinet.
Paramjeet Singh Doaba, president, Punjab Petroleum Dealers Association said on Saturday that we are hopeful that the VAT on petrol and Diesel would be reduced to bring prices at par or less than the neighbouring states. However, if the VAT remains higher in Punjab, the movement shall resume after a meeting of the Punjab State Executive Body, he maintained.
According to the Association, Punjab petrol pump dealers are facing losses due to higher VAT on petrol & diesel compared to the neighbouring states and UT. The non-revision of dealer margins from the last 4 years and state-owned oil marketing companies (OMCs) offloading their expenses on to dealers and locking supplies is hitting the dealers badly.
Thus in the absence of margin revision and high fuel prices, the dealers of Punjab had earlier decided to limit their work timings from 7 am to 5 pm (only single shift), to cut the cost of expenses and to cover up the losses due to high fuel prices from November 7 for 15 days.
